NMM
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 3.61 | 1.99 | 1.38 | 1.12 |
| Price to Sales | 0.97 | 0.65 | 0.65 | 0.80 |
| Book Value Per Common Share | ||||
| Price to Book | ||||
| Price to Operating Cash Flow | 2.69 | 1.51 | 1.55 | 2.05 |
| Price to Free Cash Flow | -2.48 | 8.86 | -7.51 | -332.32 |
| Enterprise Value to EBITDA | 17921.53 | 10629.90 | 9027.94 | 11369.70 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 23.71 | 16.10 | 28.42 | 19.57 | |
| Price to Sales | 3.76 | 3.36 | 3.81 | 3.87 | 5.51 |
| Book Value Per Common Share | |||||
| Price to Book | |||||
| Price to Operating Cash Flow | 12.66 | 9.06 | 7.41 | 11.19 | 13.17 |
| Price to Free Cash Flow | 1506.69 | -22.45 | 48.41 | -7.78 | -9.86 |
| Enterprise Value to EBITDA | 65846.93 | 60303.03 | 76079.75 | 69164.21 | 93363.28 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -14.91 | -25.19 | -15.83 | |
| Revenue YoY | 2.08 | 7.96 | 69.74 | |
| EBITDA YoY | -9.66 | -8.53 | 30.25 | |
| Net Profit YoY | -15.32 | -25.14 | 12.22 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | -18.80 | 69.57 | -3.03 | ||
| Revenue YoY | 5.91 | 7.71 | -8.54 | -2.44 | |
| EBITDA YoY | 8.64 | 19.59 | -18.21 | -7.45 | |
| Net Profit YoY | -19.46 | 67.63 | -55.95 | -3.20 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 9.41 | 9.52 | 5.23 | 7.05 |
| Quick Ratio | 0.87 | 0.74 | 0.40 | 0.48 |
| Current Ratio | 1.08 | 0.87 | 0.50 | 0.57 |
| Debt to Equity | 0.83 | 0.86 | 1.09 | 1.05 |
| Long-Term Debt to Equity | 0.69 | 0.69 | 0.83 | 0.82 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 13.15 | 13.29 | 11.57 | 9.51 | 11.04 |
| Quick Ratio | 0.90 | 0.90 | 0.86 | 0.87 | 0.97 |
| Current Ratio | 1.03 | 1.09 | 1.01 | 1.08 | 1.13 |
| Debt to Equity | 0.83 | 0.84 | 0.83 | 0.83 | 0.84 |
| Long-Term Debt to Equity | 0.69 | 0.70 | 0.69 | 0.69 | 0.70 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 6.34 | 8.26 | 11.60 | 13.96 |
| ROE | 11.58 | 15.34 | 24.23 | 28.58 |
| Gross Margin | 39.94 | 40.38 | 42.73 | 48.17 |
| Operating Margin | 36.87 | 43.41 | 54.71 | 77.69 |
| EBITDA Margin | 53.77 | 60.76 | 71.71 | 93.45 |
| Net Profit Margin | 26.98 | 32.52 | 46.89 | 70.93 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.93 | 1.16 | 0.71 | 1.63 | 1.73 |
| ROE | 1.70 | 2.15 | 1.30 | 2.99 | 3.17 |
| Gross Margin | 31.73 | 36.07 | 33.08 | 39.54 | 41.41 |
| Operating Margin | 25.56 | 30.90 | 24.19 | 38.24 | 37.61 |
| EBITDA Margin | 56.93 | 55.50 | 49.99 | 55.90 | 58.93 |
| Net Profit Margin | 15.90 | 20.91 | 13.43 | 27.89 | 28.11 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 1.70 | 1.45 | 1.09 | 0.91 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 2.69 | 2.18 | 3.70 | 1.64 | 1.60 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 5,673,240.00 | 5,147,566.00 | 4,895,704.00 | 3,623,299.00 |
| Current Assets | 442,991.00 | 399,748.00 | 310,424.00 | 226,340.00 |
| Cash and Short-Term Investments | 282,455.00 | 287,378.00 | 157,814.00 | 159,467.00 |
| Cash and Cash Equivalents | 270,166.00 | 240,378.00 | 157,814.00 | 159,467.00 |
| Short-Term Investments | 12,289.00 | 47,000.00 | 0 | 0 |
| Net Receivables | 75,738.00 | 50,744.00 | 87,724.00 | 29,342.00 |
| Inventory | 32,793.00 | 37,566.00 | 32,667.00 | 21,072.00 |
| Other Current Assets | 52,005.00 | 24,060.00 | 32,219.00 | 16,459.00 |
| Non-Current Assets | 5,230,249.00 | 4,747,818.00 | 4,585,280.00 | 3,396,959.00 |
| Property, Plant, Equipment Net | 4,929,995.00 | 4,439,774.00 | 4,319,040.00 | 3,096,907.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 42,311.00 | 60,431.00 | 78,716.00 | 100,422.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 196,194.00 | 145,932.00 | 99,999.00 | 69,882.00 |
| Other Non-Current Assets | 0 | 0 | 0 | 129,748.00 |
| Liabilities | 2,566,612.00 | 2,377,114.00 | 2,552,741.00 | 1,853,574.00 |
| Current Liabilities | 409,666.00 | 459,600.00 | 617,740.00 | 395,505.00 |
| Payables and Expenses | 51,628.00 | 81,122.00 | 147,917.00 | 98,155.00 |
| Account Payables | 16,958.00 | 24,015.00 | 25,356.00 | 17,442.00 |
| Current Accrued Liabilities | 33,865.00 | 23,608.00 | 16,049.00 | 12,889.00 |
| Short-Term Debt | 188,833.00 | 176,476.00 | 213,993.00 | 191,138.00 |
| Other Current Liabilities | 169,205.00 | 202,002.00 | 255,830.00 | 106,212.00 |
| Non-Current Liabilities | 2,156,946.00 | 1,917,514.00 | 1,935,001.00 | 1,458,069.00 |
| Long-Term Debt | 1,132,097.00 | 992,383.00 | 960,953.00 | 866,451.00 |
| Other Non-Current Liabilities | 1,024,849.00 | 925,131.00 | 974,048.00 | 591,618.00 |
| Equity | 3,106,628.00 | 2,770,452.00 | 2,342,963.00 | 1,769,725.00 |
| Shareholders Equity | 0 | 0 | 0 | 0 |
| Capital Stock | 0 | 0 | 0 | 0 |
| Share Premium | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 0 | 0 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 1,320,930.00 | 1,168,859.00 | 1,174,946.00 | 1,057,589.00 |
| Net Debt | 810,162.00 | 657,743.00 | 706,017.00 | 654,318.00 |
| Common Shares Outstanding | 29,694.43 | 30,184.39 | 30,184.39 | 30,197.09 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 1,334,066.00 | 1,306,889.00 | 1,210,528.00 | 713,175.00 |
| Cost Of Revenue | 801,230.00 | 779,156.00 | 693,226.00 | 369,667.00 |
| Interest Income | 13,803.00 | 10,699.00 | 856.00 | 859.00 |
| Interest Expense | 124,529.00 | 133,642.00 | 83,091.00 | 42,762.00 |
| Non-Interest Expense | 85,165.00 | 80,559.00 | 67,180.00 | 41,461.00 |
| Gross Profit | 532,836.00 | 527,733.00 | 517,302.00 | 343,508.00 |
| Operating Expenses | 85,165.00 | 80,559.00 | 67,180.00 | 41,461.00 |
| Selling, General and Administrative Expenses | 85,165.00 | 80,559.00 | 67,180.00 | 41,461.00 |
| Operating Income | 447,671.00 | 447,174.00 | 450,122.00 | 302,047.00 |
| Net Non-Operating Income | 4,603.00 | 59,166.00 | 62,008.00 | 99,089.00 |
| EBT | 367,308.00 | 433,645.00 | 579,247.00 | 511,273.00 |
| Income Tax | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | 367,308.00 | 433,645.00 | 579,247.00 | 511,273.00 |
| Net Income Non-Controlling Interests | 0 | 0 | 0 | 4,913.00 |
| Net Income | 359,867.00 | 424,974.00 | 567,662.00 | 505,862.00 |
| EBIT | 491,837.00 | 567,287.00 | 662,338.00 | 554,035.00 |
| Deprecation and Amortization | 225,499.00 | 226,741.00 | 205,732.00 | 112,416.00 |
| EBITDA | 717,336.00 | 794,028.00 | 868,070.00 | 666,451.00 |
| EPS | 0.01 | 0.01 | 0.02 | 0.02 |
| Diluted EPS | 0.01 | 0.01 | 0.02 | 0.02 |
| Average Shares Outstanding Basic | 30,029.28 | 30,183.43 | 30,155.15 | 22,620.32 |
| Average Shares Outstanding Diluted | 30,029.28 | 30,184.39 | 30,156.15 | 22,663.24 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 483,478.00 | 560,317.00 | 506,340.00 | 277,173.00 |
| Operating Net Income | 367,308.00 | 433,645.00 | 579,247.00 | 511,273.00 |
| Deprecation and Amortization | 225,499.00 | 226,741.00 | 205,732.00 | 112,416.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 4.00 | 154.00 | 523.00 |
| Change in Working Capital | -16,149.00 | -33,521.00 | -73,924.00 | -46,580.00 |
| Other Operating Activities | -93,180.00 | -66,552.00 | -204,869.00 | -300,459.00 |
| Investing Cash Flow | -782,126.00 | -253,015.00 | -316,241.00 | -106,252.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -816,838.00 | -206,015.00 | -326,103.00 | -157,800.00 |
| Net Purchase/Sale of Investments Net | 34,712.00 | -47,000.00 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 9,862.00 | 42,676.00 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0 |
| Financing Cash Flow | 349,262.00 | -233,225.00 | -184,447.00 | -32,203.00 |
| Net Issuance/Repayment of Debt | 391,150.00 | -213,020.00 | -172,140.00 | -223,878.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 208,455.00 |
| Dividends Paid | -6,132.00 | -6,160.00 | -6,163.00 | -4,615.00 |
| Other Financing Activities | 0 | -14,045.00 | -6,144.00 | -12,165.00 |
| Net Change in Cash | 50,614.00 | 74,077.00 | 5,652.00 | 138,718.00 |
| Cash at Beginning of Period | 249,175.00 | 175,098.00 | 169,446.00 | 30,728.00 |
| Cash at End of Period | 299,789.00 | 249,175.00 | 175,098.00 | 169,446.00 |
| Free Cash Flow | -523,653.00 | 95,298.00 | -104,239.00 | -1,707.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 5,923,211.00 | 5,884,553.00 | 5,733,055.00 | 5,673,240.00 | 5,548,533.00 |
| Current Assets | 476,325.00 | 500,785.00 | 443,344.00 | 442,991.00 | 472,860.00 |
| Cash and Short-Term Investments | 380,989.00 | 388,420.00 | 342,354.00 | 282,455.00 | 331,122.00 |
| Cash and Cash Equivalents | 360,506.00 | 377,034.00 | 320,968.00 | 270,166.00 | 293,146.00 |
| Short-Term Investments | 20,483.00 | 11,386.00 | 21,386.00 | 12,289.00 | 37,976.00 |
| Net Receivables | 33,495.00 | 22,962.00 | 33,659.00 | 75,738.00 | 75,656.00 |
| Inventory | 0 | 0 | 0 | 32,793.00 | 0 |
| Other Current Assets | 0 | 0 | 0 | 52,005.00 | 0 |
| Non-Current Assets | 5,446,886.00 | 5,383,768.00 | 5,289,711.00 | 5,230,249.00 | 5,075,673.00 |
| Property, Plant, Equipment Net | 5,105,685.00 | 5,049,839.00 | 4,979,280.00 | 4,929,995.00 | 4,791,863.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4,783.00 | 33,651.00 | 37,871.00 | 42,311.00 | 46,813.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 269,040.00 | 231,102.00 | 208,453.00 | 196,194.00 | 169,455.00 |
| Other Non-Current Assets | 67,378.00 | 69,176.00 | 64,107.00 | 61,749.00 | 67,542.00 |
| Liabilities | 2,688,484.00 | 2,694,569.00 | 2,597,982.00 | 2,566,612.00 | 2,525,107.00 |
| Current Liabilities | 463,017.00 | 459,042.00 | 439,313.00 | 409,666.00 | 418,861.00 |
| Payables and Expenses | 107,667.00 | 98,341.00 | 74,118.00 | 51,628.00 | 40,824.00 |
| Account Payables | 14,591.00 | 18,631.00 | 12,467.00 | 16,958.00 | 17,775.00 |
| Current Accrued Liabilities | 39,191.00 | 40,174.00 | 38,874.00 | 33,865.00 | 23,049.00 |
| Short-Term Debt | 187,373.00 | 181,572.00 | 188,084.00 | 188,833.00 | 198,728.00 |
| Other Current Liabilities | 167,977.00 | 179,129.00 | 177,111.00 | 169,205.00 | 179,309.00 |
| Non-Current Liabilities | 2,225,467.00 | 2,235,527.00 | 2,158,669.00 | 2,156,946.00 | 2,106,246.00 |
| Long-Term Debt | 1,256,644.00 | 1,186,807.00 | 1,127,123.00 | 1,132,097.00 | 1,160,189.00 |
| Other Non-Current Liabilities | 968,823.00 | 1,048,720.00 | 1,031,546.00 | 1,024,849.00 | 946,057.00 |
| Equity | 3,234,727.00 | 3,189,984.00 | 3,135,073.00 | 3,106,628.00 | 3,023,426.00 |
| Shareholders Equity | 0 | 0 | 0 | 0 | 0 |
| Capital Stock | 0 | 0 | 0 | 0 | 0 |
| Share Premium | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -2,422.00 | -2,314.00 | -1,771.00 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,444,017.00 | 1,368,379.00 | 1,315,207.00 | 1,320,930.00 | 1,358,917.00 |
| Net Debt | 861,903.00 | 763,247.00 | 759,823.00 | 810,162.00 | 818,905.00 |
| Common Shares Outstanding | 28,866.66 | 29,093.13 | 29,487.44 | 29,694.43 | 29,937.81 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 346,923.00 | 327,558.00 | 304,112.00 | 332,521.00 | 340,835.00 | 0 |
| Cost Of Revenue | 236,828.00 | 209,404.00 | 203,504.00 | 201,036.00 | 199,693.00 | 0 |
| Interest Income | 3,214.00 | 3,069.00 | 3,394.00 | 3,417.00 | 3,394.00 | 0 |
| Interest Expense | 32,327.00 | 31,258.00 | 31,838.00 | 32,425.00 | 30,417.00 | 0 |
| Non-Interest Expense | 23,059.00 | 23,422.00 | 21,972.00 | 22,735.00 | 21,102.00 | 0 |
| Gross Profit | 110,095.00 | 118,154.00 | 100,608.00 | 131,485.00 | 141,142.00 | 0 |
| Operating Expenses | 23,059.00 | 23,422.00 | 21,972.00 | 22,735.00 | 21,102.00 | 0 |
| Selling, General and Administrative Expenses | 23,059.00 | 23,422.00 | 21,972.00 | 22,735.00 | 21,102.00 | 0 |
| Operating Income | 87,036.00 | 94,732.00 | 78,636.00 | 108,750.00 | 120,040.00 | 0 |
| Net Non-Operating Income | 907.00 | 30.00 | -863.00 | -405.00 | 5,688.00 | 0 |
| EBT | 56,332.00 | 69,947.00 | 41,727.00 | 94,723.00 | 97,755.00 | 0 |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | 56,332.00 | 69,947.00 | 41,727.00 | 94,723.00 | 97,755.00 | 0 |
| Net Income | 55,149.00 | 68,478.00 | 40,851.00 | 92,734.00 | 95,800.00 | 0 |
| EBIT | 88,659.00 | 101,205.00 | 73,565.00 | 127,148.00 | 128,172.00 | 0 |
| Deprecation and Amortization | 108,852.00 | 80,598.00 | 78,459.00 | 58,725.00 | 72,668.00 | 0 |
| EBITDA | 197,511.00 | 181,803.00 | 152,024.00 | 185,873.00 | 200,840.00 | 0 |
| EPS | 0.00 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 28,974.86 | 29,233.74 | 29,579.77 | 0 | 29,983.23 | 30,162.90 |
| Average Shares Outstanding Diluted | 28,974.86 | 29,233.74 | 29,579.77 | 0 | 29,983.23 | 30,162.90 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 103,077.00 | 121,628.00 | 156,552.00 | 114,924.00 | 142,639.00 |
| Operating Net Income | 56,332.00 | 69,947.00 | 41,727.00 | 94,723.00 | 97,755.00 |
| Deprecation and Amortization | 108,852.00 | 80,598.00 | 78,459.00 | 58,725.00 | 72,668.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 4,887.00 | 29,125.00 | 61,867.00 | 5,657.00 | 11,273.00 |
| Other Operating Activities | 0 | 0 | 0 | -44,181.00 | -39,057.00 |
| Investing Cash Flow | -70,010.00 | -134,503.00 | -134,147.00 | -168,162.00 | -320,007.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -60,913.00 | -144,503.00 | -125,050.00 | -193,850.00 | -320,574.00 |
| Net Purchase/Sale of Investments Net | -9,097.00 | 10,000.00 | -9,097.00 | 25,688.00 | 567.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -49,605.00 | 68,934.00 | -630.00 | 59,069.00 | 191,482.00 |
| Net Issuance/Repayment of Debt | -33,629.00 | 87,113.00 | 12,466.00 | 73,595.00 | 205,791.00 |
| Net Issuance/Repurchase of Equity | -10,000.00 | -13,000.00 | -10,000.00 | -10,000.00 | -10,000.00 |
| Dividends Paid | -1,481.00 | -1,493.00 | -1,511.00 | -1,521.00 | -1,531.00 |
| Other Financing Activities | -4,495.00 | -3,686.00 | -1,585.00 | -3,005.00 | -2,778.00 |
| Net Change in Cash | -16,538.00 | 56,059.00 | 21,775.00 | 5,831.00 | 14,114.00 |
| Cash at Beginning of Period | 377,623.00 | 321,564.00 | 299,789.00 | 293,958.00 | 279,844.00 |
| Cash at End of Period | 361,085.00 | 377,623.00 | 321,564.00 | 299,789.00 | 293,958.00 |
| Free Cash Flow | 867.00 | -49,056.00 | 23,966.00 | -165,275.00 | -190,479.00 |